Five years ago, Vanguard’s record-keeping business begantargeting small plans with the launch of Vanguard Retirement PlanAccess, a unit established to provide specific services andplatforms for start-up plans and established 401(k)s with up to $20 million in assets.
Since then, growth in the VRPA unit has been explosive.
In 2012, the unit serviced 445 plans and 16,446 total individualaccounts. The average plan account value was $1.9 million, puttingtotal assets in the $846 million range.
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